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Registered number: 02016732
Dukeshill Ham Company Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02016732
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 621,755 430,555
621,755 430,555
CURRENT ASSETS
Stocks 5 763,024 711,032
Debtors 6 382,146 393,507
Cash at bank and in hand 1,047,438 924,936
2,192,608 2,029,475
Creditors: Amounts Falling Due Within One Year 7 (1,466,575 ) (1,232,342 )
NET CURRENT ASSETS (LIABILITIES) 726,033 797,133
TOTAL ASSETS LESS CURRENT LIABILITIES 1,347,788 1,227,688
Creditors: Amounts Falling Due After More Than One Year 8 (135,202 ) (21,251 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,046 ) (42,397 )
NET ASSETS 1,177,540 1,164,040
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 1,177,340 1,163,840
SHAREHOLDERS' FUNDS 1,177,540 1,164,040
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Culhane
Director
Mr Mark Gallagher
Director
26 September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dukeshill Ham Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02016732 . The registered office is Unit C Lodge Park, Hortonwood 30, Telford, Shropshire , TF1 7ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 4% Straight Line
Plant & Machinery 10% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% & 25% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12
‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 42 (2024: 45)
42 45
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2024 242,317 635,894 28,595 359,857 1,266,663
Additions 33,869 189,518 - 73,425 296,812
As at 28 February 2025 276,186 825,412 28,595 433,282 1,563,475
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 March 2024 119,949 449,287 22,482 244,390 836,108
Provided during the period 10,451 42,517 1,528 51,116 105,612
As at 28 February 2025 130,400 491,804 24,010 295,506 941,720
Net Book Value
As at 28 February 2025 145,786 333,608 4,585 137,776 621,755
As at 1 March 2024 122,368 186,607 6,113 115,467 430,555
5. Stocks
2025 2024
£ £
Materials 610,281 500,248
Finished goods 152,743 210,784
763,024 711,032
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 92,569 104,487
Other debtors 289,577 289,020
382,146 393,507
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 41,903 7,497
Trade creditors 513,337 427,670
Amounts owed to participating interests 799,558 738,054
Other creditors 95,572 43,948
Taxation and social security 16,205 15,173
1,466,575 1,232,342
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 135,202 21,251
Page 5
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 41,903 7,497
Later than one year and not later than five years 135,202 21,251
177,105 28,748
177,105 28,748
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
50 Ordinary B shares of £ 1.00 each 50 50
48 Ordinary C shares of £ 1.00 each 48 48
1 Ordinary D shares of £ 1.00 each 1 1
1 Ordinary E shares of £ 1.00 each 1 1
200 200
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Twin Peaks Bidco Limited and its registered office
is Unit C Lodge Park, Hortonwood 30, Telford, Shropshire, United Kingdom, TF1 7ET. The company's ultimate parent undertaking is Twin Peaks Topco Limited a company incorporated in England & Wales with a registered office of Unit C Lodge Park, Hortonwood 30, Telford, Shropshire, United Kingdom, TF1 7ET.
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